India Secures Long-Term Uranium Supply

Benzinga03-03 20:10

India has taken a significant step to meet its long-term energy ambitions. Over the last month, the country has signed two deals with leading nuclear fuel producers. Canada's Cameco Corporation (NYSE:...

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Over the last month, the country has signed two deals with leading nuclear fuel producers.\nCanada's Cameco Corporation (NYSE:...</p>\n\n<a href=\"https://www.benzinga.com/markets/commodities/26/03/50995310/india-secures-long-term-uranium-supply\">Source Link</a>\n\n</div>\n","source":"benzinga_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>India Secures Long-Term Uranium Supply</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIndia Secures Long-Term Uranium Supply\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-03 20:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/commodities/26/03/50995310/india-secures-long-term-uranium-supply><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>India has taken a significant step to meet its long-term energy ambitions. Over the last month, the country has signed two deals with leading nuclear fuel producers.\nCanada's Cameco Corporation (NYSE:...</p>\n\n<a href=\"https://www.benzinga.com/markets/commodities/26/03/50995310/india-secures-long-term-uranium-supply\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CCJ","symbol_name":"Cameco Corp","start_time":0,"source_url":"https://www.benzinga.com/markets/commodities/26/03/50995310/india-secures-long-term-uranium-supply","article_id":"2616347884","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/03/03/Periodic-Table-Concept-With-Black-Cubes-.jpeg?optimize=medium&dpr=2&auto=webp&width=630"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/markets/commodities/26/03/50995310/india-secures-long-term-uranium-supply","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2616347884","pubTimestamp":1772539800,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"India has taken a significant step to meet its long-term energy ambitions. Over the last month, the country has signed two deals with leading nuclear fuel producers.Canada's Cameco Corporation  has agreed to supply nearly 22 million lb. of uranium ore concentrate over nine years. The $1.9 billion  deal was announced on Monday in New Delhi, during a visit by Canadian Prime Minister Mark Carney.\"India is embarking on an ambitious nuclear expansion to power its development plans and meet the future energy security needs of its people. That isn't possible without a stable supply of uranium fuel,\" Cameco's CEO Tim Gitzel said at the event.Under the agreement, Cameco will deliver material from 2027 through 2035 on market-related pricing terms. The volumes represent roughly 12% of the company's annual uranium output and mark a significant step-up in term contracting activity in a market where long-term deals have lagged replacement rates.Cameco previously supplied uranium to India under a fiv","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CCJ":"Cameco Corp","NLR":"核能指数ETF-Market Vectors","BK4591":"室温超导概念","LU2294711713.HKD":"BNP PARIBAS ENERGY TRANSITION \"C\" (HKD) ACC","BK4606":"AI电力股","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","URA":"Global X Uranium ETF","BK4156":"煤与消费用燃料","LU2357125470.USD":"BNP PARIBAS ENERGY TRANSITION \"CLASSIC RH\" (USDHDG) ACC","BK4588":"碎股","LU0823414478.USD":"法巴经典能源转换基金","LU0823414551.USD":"BNP PARIBAS ENERGY TRANSITION \"C\" (USD) INC","LU2506951792.HKD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (HKDHDG)       ACC","BK4585":"ETF&股票定投概念"},"translate_title":"印度确保长期铀供应","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CCJ":1,"NLR":1.5,"URA":0.9},"content_text":"India has taken a significant step to meet its long-term energy ambitions. Over the last month, the country has signed two deals with leading nuclear fuel producers.\nCanada's Cameco Corporation (NYSE:CCJ) has agreed to supply nearly 22 million lb. of uranium ore concentrate over nine years. The $1.9 billion (based on uranium price of $86.95 per lb.) deal was announced on Monday in New Delhi, during a visit by Canadian Prime Minister Mark Carney.\n\"India is embarking on an ambitious nuclear expansion to power its development plans and meet the future energy security needs of its people. That isn't possible without a stable supply of uranium fuel,\" Cameco's CEO Tim Gitzel said at the event.\nUnder the agreement, Cameco will deliver material from 2027 through 2035 on market-related pricing terms. The volumes represent roughly 12% of the company's annual uranium output and mark a significant step-up in term contracting activity in a market where long-term deals have lagged replacement rates.\nCameco previously supplied uranium to India under a five-year contract that began in 2015, but the new accord is substantially larger and longer.\nThe deal is part of a strategic partnership between the two nations, covering minerals and other energy sources. It also reflects a broader trend among sovereign buyers of securing long-term fuel supply amid rising global demand and supply uncertainty, particularly as uranium spot prices have rebounded sharply over the past two years.\nKazatomprom accounts for roughly 20% of global uranium production and produced about 67.2 million lb. of uranium concentrates last year. The scale of the India agreement could remove a significant share of future supply from the open market, reinforcing expectations of a structurally tight uranium sector despite planned output increases.\nIndia's appetite for uranium reflects its long-term energy strategy. With a population of over 1.4 billion and growing electricity demand, it recognizes the need to diversify away from coal without sacrificing economic growth. Additionally, it set decarbonization goals, including a net-zero target by 2070.\nIndia currently has 24 operating nuclear reactors, generating around 8 gigawatts (GW). Several additional units under construction will lift that number to around 14 GW in the coming years. An ambitious long-term target is to reach 100 GW by 2047 under the Viksit Bharat development vision. The plan is to deploy dozens of new reactors, including indigenous pressurized heavy water reactors and smaller modular designs.\nHowever, the report stresses that sustained investment in exploration, mine development, and processing capacity is essential to ensure those resources are converted into a timely market supply.\nPhoto via Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2616347884","isCrawlerRequest":true}